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Research North Dakota (ND) Monthly report

North Dakota hotel market update, October 2026

Reed Gizinski · hotel broker, Ruzicka Hotel Team at Marcus & Millichap

North Dakota hotels ran 55.44% occupancy at a $113.53 ADR over the last twelve months, RevPAR +5.59%.

North Dakota's hotel market for October 2026: how hotels performed, what sold, where rates stand and what is being built. For a closer look at a specific market or hotel, ask for a report.

Occupancy, trailing 12 months

55.44%

ADR, trailing 12 months

$113.53

RevPAR, trailing 12 months

$62.93

+5.59% year over year

RevPAR, Sep '26 vs Sep '25

+10.53%

Luxury, upper upscale and upscale +12.96%

Performance

Across every North Dakota hotel, the trailing twelve months averaged 55.44% occupancy, a $113.53 ADR and $62.93 RevPAR, with RevPAR +5.59% on the year before.

RevPAR for Sep '26 was +10.53% against Sep '25. Luxury, upper upscale and upscale hotels did best at +12.96%; midscale and economy hotels were at +9.75%.

ScaleT-12 OccT-12 ADRT-12 RevPARRevPAR, year over yearRevPAR, Sep '26 vs Sep '25
All hotels55.44%$113.53$62.93+5.59%+10.53%
Luxury, Upper Upscale & Upscale71.77%$143.97$103.33+6.19%+12.96%
Upper Midscale61.42%$133.29$81.86+5.09%+12.40%
Midscale & Economy49.92%$95.21$47.53+5.60%+9.75%
ADR and RevPAR by scale, trailing 12 months
$0$50$100$150All hotelsLuxury, Upper Upscale& UpscaleUpper MidscaleMidscale & EconomyAll hotels · ADR: $113.53Luxury, Upper Upscale & Upscale · ADR: $143.97Upper Midscale · ADR: $133.29Midscale & Economy · ADR: $95.21All hotels · RevPAR: $62.93Luxury, Upper Upscale & Upscale · RevPAR: $103.33Upper Midscale · RevPAR: $81.86Midscale & Economy · RevPAR: $47.53$113.53$143.97$133.29$95.21$62.93$103.33$81.86$47.53$0$50$100$150All hotelsLuxury,Upper Upscale & UpscaleUpperMidscaleMidscale &EconomyAll hotels · ADR: $113.53Luxury, Upper Upscale & Upscale · ADR: $143.97Upper Midscale · ADR: $133.29Midscale & Economy · ADR: $95.21All hotels · RevPAR: $62.93Luxury, Upper Upscale & Upscale · RevPAR: $103.33Upper Midscale · RevPAR: $81.86Midscale & Economy · RevPAR: $47.53$113.53$143.97$133.29$95.21$62.93$103.33$81.86$47.53

Source: STR, one-month reporting lag

ADRRevPAR
All hotels$113.53$62.93
Luxury, Upper Upscale & Upscale$143.97$103.33
Upper Midscale$133.29$81.86
Midscale & Economy$95.21$47.53
RevPAR change by scale
0%5%10%15%All hotelsLuxury, Upper Upscale& UpscaleUpper MidscaleMidscale & EconomyAll hotels · Trailing 12 months: 5.59%Luxury, Upper Upscale & Upscale · Trailing 12 months: 6.19%Upper Midscale · Trailing 12 months: 5.09%Midscale & Economy · Trailing 12 months: 5.60%All hotels · Sep '26 vs. Sep '25: 10.53%Luxury, Upper Upscale & Upscale · Sep '26 vs. Sep '25: 12.96%Upper Midscale · Sep '26 vs. Sep '25: 12.40%Midscale & Economy · Sep '26 vs. Sep '25: 9.75%5.59%6.19%5.09%5.60%10.53%12.96%12.40%9.75%0%5%10%15%All hotelsLuxury,Upper Upscale & UpscaleUpperMidscaleMidscale &EconomyAll hotels · Trailing 12 months: 5.59%Luxury, Upper Upscale & Upscale · Trailing 12 months: 6.19%Upper Midscale · Trailing 12 months: 5.09%Midscale & Economy · Trailing 12 months: 5.60%All hotels · Sep '26 vs. Sep '25: 10.53%Luxury, Upper Upscale & Upscale · Sep '26 vs. Sep '25: 12.96%Upper Midscale · Sep '26 vs. Sep '25: 12.40%Midscale & Economy · Sep '26 vs. Sep '25: 9.75%5.59%6.19%5.09%5.60%10.53%12.96%12.40%9.75%

Source: STR, one-month reporting lag

Trailing 12 monthsSep '26 vs. Sep '25
All hotels5.59%10.53%
Luxury, Upper Upscale & Upscale6.19%12.96%
Upper Midscale5.09%12.40%
Midscale & Economy5.60%9.75%

Month by month, North Dakota RevPAR in 2026 against 2025, through September:

RevPAR by month, 2025 and 2026
$0$20$40$60$80$100JanFebMarAprMayJunJulAugSepOctNovDecJan · 2025: $46.0Feb · 2025: $49.5Mar · 2025: $51.5Apr · 2025: $54.4May · 2025: $62.0Jun · 2025: $71.9Jul · 2025: $81.5Aug · 2025: $70.4Sep · 2025: $71.2Oct · 2025: $68.2Nov · 2025: $52.2Dec · 2025: $40.9Jan · 2026: $48.0Feb · 2026: $51.5Mar · 2026: $52.0Apr · 2026: $53.0May · 2026: $65.1Jun · 2026: $77.4Jul · 2026: $88.7Aug · 2026: $80.3Sep · 2026: $78.8$0$25$50$75$100JanMarMayJulSepNovJan · 2025: $46.0Feb · 2025: $49.5Mar · 2025: $51.5Apr · 2025: $54.4May · 2025: $62.0Jun · 2025: $71.9Jul · 2025: $81.5Aug · 2025: $70.4Sep · 2025: $71.2Oct · 2025: $68.2Nov · 2025: $52.2Dec · 2025: $40.9Jan · 2026: $48.0Feb · 2026: $51.5Mar · 2026: $52.0Apr · 2026: $53.0May · 2026: $65.1Jun · 2026: $77.4Jul · 2026: $88.7Aug · 2026: $80.3Sep · 2026: $78.8

values read from the CoStar chart in the original email

Source: CoStar, as of November 2, 2026

20252026
Jan$46.0$48.0
Feb$49.5$51.5
Mar$51.5$52.0
Apr$54.4$53.0
May$62.0$65.1
Jun$71.9$77.4
Jul$81.5$88.7
Aug$70.4$80.3
Sep$71.2$78.8
Oct$68.2
Nov$52.2
Dec$40.9

All figures are from STR and run a month behind. For a specific market or scale, reach out.

Sales

No hotel sales were reported in North Dakota this month.

Capital markets

RateAs of November 2, 2026
Prime rate7.00%
10-year Treasury4.898%
5-year Treasury4.707%

New developments

No hotels are reported under construction in North Dakota. 6 hotels have been proposed. Call or email to learn more about any of them.

Tools

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